Housing starts skyrocket in April

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Housing starts soared from March to April, and remained well above year-ago levels.

Privately owned housing starts, which include single-family and multifamily residential construction, jumped 20.2 percent in April to a seasonally adjusted annual rate of 1.135 million from a revised March estimate of 944,000, according to a monthly reported released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Compared to a year ago, privately owned housing starts were up 9.2 percent in April, the report said.

Single-family housing starts leaped 16.7 percent in April to a seasonally adjusted annual rate of 733,000 from a revised March estimate of 628,000.

Single-family housing starts in April were up 14.7 percent from a year ago.

Read the full press report here.

Email Teke Wiggin.